While there are many factors that are going to influence which online casino you decide to play at, the deposit and withdrawal methods should be right up there. Essentially these methods are the means by which you can deposit funds into the online casino and withdraw your winnings too.
Types of Deposit and Withdrawal Methods
Generally speaking, there are several main types of deposit and withdrawal methods – though not all casinos support them and some only support them on a limited basis. The most popular methods include:
- Credit card
The most popular method of making deposit and withdrawals, credit cards tend to be supported on most online casinos. That being said recently Mastercard stopped allowing withdrawals using its cards – but Visa still does.
- E-Wallets
Services such as Skrill (formerly Moneybookers), Neteller, and Paypal are regularly used to pay for services online. While Paypal is not widely used in online casinos, quite a few other e-wallet services are.
- Bank transfers
While making a bank transfer may be less convenient and take longer to process, it is still a popular option. Wire transfers tend to be the preferred method – though there are sometimes other ways to make bank transfers too.
- Prepaid transfers
Nowadays there are services that will allow you to buy prepaid cards that you can use to deposit funds. Support for these platforms are still fairly limited however, and it is also strictly a one-way transfer (i.e. it can only be used for deposits and not withdrawals).
How to Choose
While those are the types of deposit and withdrawal options that may be available – the exact selection that you can use will differ from casino to casino. Also it is important to note that depending on where you’re from you may find that only certain options will be available to you.
When you’re choosing an online casino – be sure to check what deposit and withdrawal options are available for the state or country that you’re from. Normally you should be able to find that information on the website itself.
At the same time you should also look into the fees that the casino may charge for different methods of making deposits or withdrawals. Some methods may have higher fees than others, and if you’re making a deposit using different currencies you may find that there is an exchange rate fee that needs to be paid as well.
Once you have all the information that you need the only thing that you need to do is find a casino that will allow you to make deposits and withdrawals using your preferred method. Also be sure to look into any casino deals that may be available that you could take advantage of.
All this may seem like quite a bit of work, but it will help make it more convenient for you to make deposits and withdrawals at the online casino you choose to play at. More importantly it will help avoid the all-too-common issue where players find out later on that they don’t have any easy way to withdraw their winnings.
